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CDB Co-hosts Expert Group Meeting on Multidimensional Poverty Measurement

Experts from across the Region, Central America and North America have gathered in Barbados for a two-day meeting to formulate an enhanced multidimensional poverty methodology for the Caribbean. The meeting co-hosted by Caribbean Development Bank (CDB) and the United Nations Development Programme (UNDP) commenced today, Thursday, December 6, 2012, at the CDB Conference Centre. At the meeting, welcome and opening remarks were offered by UNDP Resident Coordinator ad interim, Ms. Khin-Sandi Lwin; UNDP Deputy Resident Representative ad interim, Ms. Lara Blanco; CDB Division Chief, Social Sector Division, Mrs. Yvonne Moses-Grant; and OECS Secretariat Director, Social and Sustainable Development Division, Mr. Bentley Browne. During the two-day meeting, representatives from  a number of the Bank’s Borrowing Member Countries and Development Partners in the Region will focus on several areas including current methodologies for measuring poverty in the Caribbean;  poverty measurement and sustainable human development; poverty measurement and analysis by gender and age in the Caribbean and poverty measurement and social protection. [slideshow post_id=”104067″]

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CDB Helps Provide a New Mental Health Day Care/ Resource Centre for the homeless in Belize City

The homeless and people living with mental health problems in Belize City, Belize now have a facility they can turn to for a daily meal, medical referral and recreation, thanks to a project funded through a grant of USD 564,000 from the Caribbean Development Bank (CDB) under its Basic Needs Trust Fund (BNTF) Programme. The project implemented by the Belize Social Investment Fund, in collaboration with the Ministry of Health and the Belize Mental Health Association, was inaugurated on November 21, 2012. Speakers at the inauguration included Hon. Pablo Marin, Minister of Health, who delivered the keynote address; Belize City Mayor, Darrel Bradley; members of the Mental Health Association and representatives of the Social Investment Fund. Located at the corner of Tibruce and Vernon Streets, the Mental Health Day Care/Resource Centre, will not be a residential centre, but will facilitate social support and training for income generation for the homeless and mentally ill.  The 3,911 sq. ft. facility has the capacity to benefit 150 clients on a regular […]

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CDB TO HOST PROCUREMENT WORKSHOP IN GUYANA

Guyana-TVET

The Caribbean Development Bank (CDB) will be hosting a workshop to launch the Bank’s revised procurement guidelines for Consultants in the Cooperative Republic of Guyana on November 26 – 27, 2012. 

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CDB WORKING WITH ECCB TO CHART FINANCIAL SECTOR RESTRUCTURING

President of Caribbean Development Bank (CDB), Dr. Warren Smith and key officials of the Eastern Caribbean Central Bank (ECCB), the International Monetary Fund (IMF) and the World Bank recently met to discuss the next steps for the restructuring of the Eastern Caribbean Currency Union (ECCU) Financial Sector. The meeting which took place on November 16, 2012 in St. Kitts and Nevis, was attended by Governor of the ECCB and Chairman of ECCU Joint Task Force, Sir K. Dwight Venner; as well as IMF and World Bank representatives.

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CDB PRESIDENT PAYS OFFICIAL VISIT TO ST. VINCENT AND THE GRENADINES

On November 12, 2012, President of the Caribbean Development Bank (CDB), Dr. Warren Smith, travelled on an official visit to borrowing member country of the Bank, St. Vincent and the Grenadines. On his visit, Dr. Smith met with the Prime Minister of St. Vincent and the Grenadines, Dr. the Hon. Ralph Gonsalves to brief him on the progress which the Management of CDB has made in addressing the concerns recently raised by the rating agencies, and to discuss ways in which CDB could assist St. Vincent and the Grenadines in dealing with its most pressing issues. Drs. Smith and Gonsalves also exchanged views on how CDB could arrive at an expeditious resolution of the Organisation of Eastern Caribbean States financial sector crisis. Prime Minister of St. Vincent and the Grenadines, Dr. the Hon. Ralph Gonsalves (right) welcomes President of the Caribbean Development Bank, Dr. Warren Smith.

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CDB SUPPORTS HAITI’S TOURISM SECTOR

The Caribbean Development Bank (CDB) is facilitating the training of nine Haitian nationals in Barbados from November 12-30, 2012, as part of the Bank’s continued support to private sector development in Haiti. Eight of the participants in this training initiative are employees of five leading hotels in Haiti.  They are Ms. Marie Nathalie Pierre, Ms. Martine Charles, Mr. Jean-Will Elizer, Ms. France Euphonise Vixamar, Mr. Emmanuel Carl Jr. Girault, Ms. Pascale Marie-Josee St. Fleur, Mr. Steeve Delva and Mr. Ronald Bonne-Année.  Six of them are attached to the Crane Residential Resort, and two to the Accra Beach Hotel & Spa, where they are undergoing training in Front Desk Operations and Food and Beverage Management. The additional person, Ms. Claude Valerie Louis, who is Executive Director of the Haiti Tourism Association (HTA), is attached to the Barbados Hotel and Tourism Association (BHTA).  The exposure to the BHTA’s operations is intended to assist the Haitian counterpart organisation in developing an action plan to enhance its operations with a view to […]

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CDB TO PROVIDE HURRICANE RELIEF FINANCING TO BORROWING MEMBER COUNTRIES AFFECTED BY HURRICANE SANDY

The Caribbean Development Bank (CDB) has offered to provide the Government of the Commonwealth of The Bahamas, the Government of Jamaica and the Government of Haiti with financial assistance for their recovery efforts in the wake of the passage of Hurricane Sandy.  In accordance with the Bank’s Disaster Management Strategy and Operational Guidelines, CDB is offering to provide Emergency Relief Grants of USD200,000 to each country to assist with emergency relief efforts.  The Bank has also offered Immediate Response Loans of USD750,000 on concessionary to The Bahamas and Jamaica, for cleaning and clearing affected areas and for emergency restoration of services. One person is reported to have died in Jamaica when the island took a direct hit from Hurricane Sandy on Wednesday, October 24, 2012.  At that time it was classified as a Category 1 hurricane. Hurricane Sandy was a Category 2 hurricane when it struck the Bahamian archipelago between Thursday October 25, 2012, and Saturday October 27, 2012.  The weather system had maximum sustained winds of approximately […]

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ISRAEL’S AMBASSADOR TO BARBADOS PAYS COURTESY CALL ON CDB PRESIDENT

On Thursday, November 8, 2012, Israel’s Ambassador to Barbados, His Excellency Amiram Magid paid a courtesy call on the Caribbean Development Bank’s President, Dr. Warren Smith.  His Excellency is accompanied by the Israeli Honorary Consul in Barbados, Mr.  Bernard Gilbert. Ambassador Magid is stationed in New York, and accredited to several Caribbean countries.  He has stated his intention to “lend his voice to issues on behalf of CARICOM during his tour of duty”.

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CDB AND BAHAMAS SIGN MEMORANDUM OF COMMITMENT

The Caribbean Development Bank (CDB) and the Government of the Commonwealth of The Bahamas have signed a Memorandum of Commitment.  The Memorandum was signed on October 29, 2012, during a recent visit to The Bahamas by CDB President, Dr. Warren Smith, and by Prime Minister of The Bahamas, The Rt. Hon. Perry Christie.  In September 2012, during a Mission to The Bahamas, CDB staff held discussions with officials about the Government’s development priorities and opportunities for CDB to provide assistance.  The Memorandum formally signifies the agreement of the two parties to collaborate with each other to pursue such development objectives and to strengthen the cooperation between them. It covers the exchange of knowledge, information, experiences and achievements; the identification, prioritisation of activities and interventions necessary for the further development of the economy and social sectors of the Commonwealth; and the provision of resources for financing projects and programmes vital to the economic and social development of the Commonwealth and the wellbeing of its peoples. In addition, the Memorandum […]

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CDB Board approves flagship poverty-reduction programme’s seventh phase

The Board of Directors of the Caribbean Development Bank (CDB) has approved the seventh phase of the Bank’s Basic Needs Trust Fund (BNTF) Programme.   Funding for BNTF 7 is estimated at USD51.74 million.  Contributors to BNTF 7 have approved a contribution of USD46 million, while Governments of the participating countries will provide a counterpart amount totalling USD5.74 million. Participating BNTF countries are Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines and the Turks and Caicos Islands. Since its inception approximately 33 years ago, BNTF has played a vital role in assisting participating governments in their poverty-reduction efforts.  BNTF contributes to the reduction of poverty in targeted communities by providing infrastructure and livelihood enhancement services.  The programme also supports a socially inclusive development process, including empowerment of the poor and vulnerable, as well as institutional development support. BNTF has undergone six replenishments, a number of design modifications and increasing resource contributions. A recent evaluation of BNTF 5 and the mid-term […]

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